Property Assessments Move up in Nashville

According to The Tennesseean, recent property assessments have created a bit of controversy.
Metro reappraisals have indicated that property values are either high, or have gone up too much. However, the Davidson County property assessor spoke about the countywide reappraisal and has stated that while there may be higher taxes for many, the values estimated by the property appraisers office were 16% higher than in 2005.

The tax hike has surprised many local property owners, even though the prices are mostly exclusive to the center of the city. In areas like East Nashville, MetroCenter, Hillsboro Village, Berry Hill, and Belle Meade residents have seen property value increases. The president of Historic Edgefield claims that he is in support of the new appraisals, due to the fact that they indicate that ‘everybody wants to live in East Nashville'. Despite the recession, areas like Germantown and Sylvan Park – in the center of the city – have grown significantly in the past several years.

If unsatisfied, owners are able to ask for a review of their appraisals, if they believe them to be unrealistic.

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